Catterton Checks Out of Mid-Atlantic Convenience Stores
October 04, 2013
Catterton Partners has sold its stake in Mid-Atlantic Convenience Stores to an affiliate of Sunoco. MACS, which has been backed by Catterton since 2010, operates convenience stores in Maryland and Virginia. Catterton helped the company drive significant operational retail improvements at its convenience stores that resulted in same store sales growth of over 46% over the last two years.